I have just been advised by my mortgage broker that my Mere solicitor is not on the lender Conveyancing panel. How can I be sure if this is correct?
The first thing you need to do is to call your Mere conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
In what way does my ID and proof of funds have anything to do with my conveyancing in Mere? Why is this being asked of me?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Mere. Nowadays you can not complete any conveyancing deal in the absence providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Please note that if you are supplying your driving licence as proof of identification it needs to be both the paper section and photo card part, one is not satisfactory in the absence of the other.
Proof of your origin of funds is required in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer must retain this information on record. Your Mere conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they should also ask additional questions regarding the origin of monies.
Due to the advice of my in-laws I had a survey completed on a house in Mere prior to instructing solicitors. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies tend not issue a loan on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Mere. Conveyancing will be smoother if you use a solicitor in Mere especially if they are accustomed to such properties in Mere.
I am looking into buying my first house which is in Mere and I am already nervous. I couldn't find anything specific about Mere. Conveyancing will be needed in due course but do you know about the Mere area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Mere. In the meantime here are some basic statistics that we found
I have just started marketing my basement apartment in Mere. Conveyancing solicitors are to be appointed soon, however I have just had a half-yearly service charge demand – what should I do?
It best that you clear the invoice as normal because all ground rent and maintenance payments will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Mere Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
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Is there a share of the freehold? The answer will be useful as a) areas could cause problems in the building as the common areas may begin to deteriorate where repairs remain unpaid b) if the tenants have an issue with the managing agents you will want to have all the details How many of the leaseholders are in arrears for their maintenance charge payments?
What is the distinction between surveying and conveyancing in Mere?
Conveyancing - in Mere or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for negotiating the purchase price down or asking the seller to fix the problems before you move in.